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⚠️ Not investment advice. Past performance does not guarantee future results.
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Clínica Baviera CBAV.MC

SpainHealthcare · Diagnostics & ResearchBolsa de Madrid (BME) · EUR
7.1AI score
Rank 157 of 2,130
better than 91% of companies
55.80EUR
▲ 39.8% in one year
CBAV.MC MSCI World +22.1%
Average analyst target
0.00 EUR (−100.0%)
52-wk low 40.10High 62.00
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Clínica Baviera is a Spanish company specialized in ophthalmology, operating a network of eye surgery clinics and vision treatments, with a business model based on providing high-quality private medical services.

Listed on Bolsa de Madrid (BME) · Symbol CBAV.MC · BME: CBAV · Currency EUR

Key points

from its scores
  • ✓Good share-price trend8.6
  • ✓High-quality business8.4
  • ✓Strong growth8.0
  • !Somewhat demanding valuation5.2

AI analysis

bottom line, main risk, context and news
Bottom line

Quality and growth justify the premium, although the forward P/E of 31.70 suggests demanding expectations.

Clínica Baviera presents very solid fundamentals: ROE of 45.93%, ROIC of 37.87%, and earnings growth of 38.70%, with a healthy balance sheet (Net Debt/EBITDA of 0.22). Its valuation is reasonable (P/E 19.44) and the dividend is sustainable, making it an attractive option in the healthcare sector.

⚠ Main risk

The main risk is geographic concentration in Spain, with elevated governance risk, which could affect healthcare regulation or minority shareholder protection.

Context and risks

Clínica Baviera operates in Spain, a country with elevated governance risk according to the assigned profile, which may affect regulatory stability and minority shareholder protection. However, its private healthcare business is less sensitive to politics than other sectors, and its low leverage (Net Debt/EBITDA of 0.22) limits the impact of interest rates.

Is Clínica Baviera stock cheap or expensive?

at the analysis date
Cheaper than its sector

On P/E and EV / EBITDA, it trades 27% below the Healthcare median on average.

MultipleCompanySectorDifference
P/E19.426.7−27%
EV / EBITDA10.514.5−28%
Price / book8.04.1+95%
Price / sales2.83.4−18%

Sector: median of the 217 Healthcare companies analysed. In bold, the multiples used for the comparison.

Valuation score: 5.2 out of 10 (median for Healthcare: 4.7).

Average analyst target: 0.00 EUR, −100.0% versus the price.

A discount may reflect more risk or slower growth than its sector: Financial health 7.1 (sector 6.5), Growth 8.0 (sector 6.6).

Indicative fair value · EUR
Graham24.39▼ −56% vs price
Cash flow (DCF)34.66▼ −38% vs price
Dividends19.62▼ −65% vs price
Price55.80at the analysis date

Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy CBAV.MCCheapest · Spain (BME) · sample 200.00 € orderCheapest · Spain (BME) · sample 200.00 € orderAvailable in your country · Spain (BME) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiGood7.1Healthcare median: 6.5
Quality / MoatiGood8.4Healthcare median: 5.5
ValuationiFair5.2Healthcare median: 4.7
GrowthiGood8.0Healthcare median: 6.6
DividendiGood7.3Healthcare median: 1.5
MomentumiExcellent8.6Healthcare median: 6.2
Risk & ContextiFair6.1Healthcare median: 7.1
Healthcare median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Healthcare median
P/Ei
19.4
Healthcare: 26.7below
EV / EBITDAi
10.5
Healthcare: 14.5below
ROEi
45.9%
Healthcare: 10.8%above
Operating margini
21.6%
Healthcare: 15.2%above
Net debt / EBITDAi
0.22
Healthcare: 1.53below
Revenue growthi
+13.3%
Healthcare: +8.8%above

Valuation

P/E
19.4
Forward P/E
31.7
EV / EBITDA
10.5
Price / book
8.0
Price / sales
2.8
PEG
2.70
Market cap
894.6M EUR
Enterprise value
928.8M EUR

Profitability

ROE
45.9%
ROA
16.9%
ROIC (approx.)
37.9%
Gross margin
49.8%
Operating margin
21.6%
Net margin
14.3%
Free cash flow
42.4M EUR
FCF yield
4.7%
Cash conversion
48%

Solvency

Total debt
71.4M EUR
Net debt
19.8M EUR
Cash
51.6M EUR
EBITDA
88.8M EUR
Net debt / EBITDA
0.22
Debt / equity
63.65
Current ratio
0.94
Quick ratio
0.86

Growth

Revenue growth
+13.3%
Earnings growth
+38.7%
EPS (TTM)
2.87 EUR
EPS (forward)
1.76 EUR

Dividend

Dividend yield
2.8%
Payout
54.7%

Risk and market

Beta
0.75
Analyst consensus
none (0)
Target price
0.00 EUR
52-week range
40.10 – 62.00

Compare it with its sector

All 217 in Healthcare →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about Clínica Baviera

Is Clínica Baviera stock cheap or expensive?

On P/E and EV / EBITDA, it trades 27% below the Healthcare median on average. Valuation score: 5.2 out of 10 (median for Healthcare: 4.7). Average analyst target: 0.00 EUR, −100.0% versus the price. This is not investment advice.

What score does Clínica Baviera get on MeridIAn Screener?

It scores 7.1 out of 10, rank 157 of 2,130 (better than 91% of the companies analysed). Its strongest category is Momentum (8.6) and its weakest, Valuation (5.2). Analysis of 08/10/2026.

What is Clínica Baviera's P/E ratio?

Its P/E is 19.4: the share price equals 19.4 times earnings per share over the last 12 months. The Healthcare median is 26.7. Based on the earnings analysts expect, the forward P/E is 31.7.

How much is Clínica Baviera worth on the stock market?

Its market capitalisation is 894.6M EUR and its enterprise value, debt included, is 928.8M EUR.

How much debt does Clínica Baviera have?

Its net debt (debt minus cash) is 19.8M EUR. That is 0.22 times its EBITDA; the Healthcare median is 1.53.

Does Clínica Baviera pay a dividend?

Yes: its dividend yield is 2.81% and it pays out 55% of its earnings.

How has Clínica Baviera stock performed over the last year?

It has risen 39.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 40.10 and 62.00 EUR. Past performance does not guarantee future results.